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Hello reader,
I’ve been fortunate enough to never have been laid off in my short time as a working adult, but I remember when my dad got retrenched many years ago.
I didn’t fully understand the weight of it at the time, but looking back, my parents had clearly been stressed out – with three kids in school and a mortgage for a new house to pay off, who wouldn’t be? So we did what we could to save every cent that came our way.
Eventually, my dad got another job, and we made it through those tough times. But now that chatter of a coming recession is growing louder, I can’t help but think back to those years.
On a related note, we’ve recently published a visual story where we keep track of the layoffs taking place across Asia’s startup scene. Hopefully, this can serve as a useful reference for you, whether you’re a VC, a startup founder, an employee, or a jobseeker.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
— Nathaniel
The biggest deals by country
🇮🇳 ShareChat: The India-based social networking app raised US$300 million in series H funding from Google, Temasek Holdings, and Times Group.
🇮🇩 Astro: The Indonesian quick commerce startup bagged US$60 million in series B money from AC Ventures, Accel Partners, Citius, Global Founders Capital, Lightspeed, Sequoia Capital, and Tiger Global Management.
M&As
Startups that are raising funds
Killer pitch decks
The insurance innovation revolution
Exclusive listicles
Thoughtful reads
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